Quick profit sells box juice for 1050 and has an inverse
Quick Profit sells box juice for $10.50 and has an inverse demand function of: P = 80 - 0.2Q. At the present price Quick Profit is unable to satisfy demand. The owner, Mr. Deal, wants to increase the price by 60%. Do you agree? Explain!
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if demand is p a - bq then mr a - 2bq mc dtcdq c the monopoly firm will profit-maximize by setting a - 2bq c so
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quick profit sells box juice for 1050 and has an inverse demand function of p 80 - 02q at the present price quick
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